Global Food Prices Continue to Rise

FAO anticipates that recent rise in food commodity prices will continue and that future consumers will pay more for their food.

Thursday, November 18, 2010

In its "Food Outlook", November 2010, the World Food Organization points out that its price index rose 34 points (+20%) between June and October, near the historical record of June 2008.

FAO says that the price increase is "alarming", that is occurring at a rate much higher than in the crisis of 2007/08, and that is the result of low production estimates in many producing countries.

The focus is now on 2011/12 plantations. Production of cereals should be considerably higher in order to overcome the levels of demand and to replenish reserves. The report adds: "However, producers do not only attempt to produce more grain, rising prices could put upward pressure on other commodities, like soybeans, sugar and cotton. ... Given this scenario, consumers will have little choice but to pay more for the food they consume.”

More on this topic

Global Food Prices - June 2016

July 2016

In June, the FAO food price index rose by 4% compared to May, making it the fifth consecutive month of increases in the index value.

From a communication issued by  the United Nations Food and Agriculture Organization (FAO):

Global Food Prices in March 2016

April 2016

The FAO food price index rose slightly in March due to sharp increases in prices of sugar and palm oil.

From a press release by the Food and Agriculture Organization:

The FAO Food Price Index* (FFPI) averaged 151.0 points in March 2016, up 1.0 percent from February, but almost 21 points (12.0 percent) below its March 2015 level.

Global Food Prices in February 2016

March 2016

The FAO Food Price Index averaged 150.2 points in February 2016, nearly unchanged from January, but 14.5% below February 2015.

From a statement issued by the Food and Agriculture Organization:

The FAO Food Price Index* (FFPI) averaged 150.2 points in February 2016, nearly unchanged from January, but 25.6 points (14.5 percent) below February 2015.

Global Rise in Food Prices

August 2012

Three months after having dropped in July 2012 the FAO index of food prices rose by 6%, driven by cereals and sugar.

A statement from the United Nations Organization for Food and Agriculture FAO) reads:

August 9, 2012, Rome - The FAO index of food prices rose by 6 percent in July 2012, after three months of declines.

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